On average, listings lease in the $30's per square foot per year. The Ala Moana - Kakaako submarket is going through a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 13% increase in rent.
In the last 90 days, 77 listings have come on the market, so you'll want to check back regularly for new listings. About 58% of the listings in the Ala Moana - Kakaako are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 920 sqft. Most buildings in this area are approximately 6 floors. Most buildings in this region were built in 1973 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Ala Moana - Kakaako folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.